Financing in Today's Economy

By Agent Income Booster on 3:32 PM

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Its tough when one of my best friends tells me that he can't even afford to buy and stock motorcycles on his lot anymore. As the manager of a used vehicle lot, he told me that practically all of his secondary financing companies have all but closed down or just can't afford to issue any new loans. This makes it pointless to floor used motorcycles because unless someone comes in with practically all cash, he can't offer financing on any motorcycles. Sad that it has come to this.

Funny thing is that his dealership has been generating 2/3 of their income from internet sales compared to drive by business during the last year. Just not motorcycles.

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